EDIT: Show's over – with enough raised to abolish over $5,000,000 of debt! Keep the Jubilee rolling: click here to donate!

Join Strike Debt for an updated version of an old classic, the telethon, to launch The Rolling Jubilee, a campaign that buys debt for pennies on the dollar and does away with it. Instead of collecting the debt, we will abolish it and help free the debtors!

People shouldn’t have to go into debt for an education, because they need medical care, or to put food on the table during hard times. We shouldn’t have to pay endless interest to the 1% for basic necessities. Big banks and corporations walk away from their debts and leave taxpayers to pick up the tab. It’s time for a bailout of the people, by the people.

It will be a wild night of music, comedy, magic, education, and the unexpected. This fast-moving variety show will mix well-known performers, intellectuals and activists from Strike Debt and Occupy Wall Street.

THE PEOPLE’S BAILOUT will feature music, comedy, education, magic, and the unexpected. Special guests include Janeane Garofalo, Lizz Winstead, Hari Kondabolu, David Rees, actor/director John Cameron Mitchell, Jeff Mangum of Neutral Milk Hotel, Lee Ranaldo of Sonic Youth, Guy Picciotto of Fugazi, Tunde Adebimpe and Kyp Malone of TV on the Radio, Climbing Poetree, the Invisible Army of Defaulters, Holistic, Kool A.D. and Dapwell of Das Racist, The Music Tapes, Rude Mechanical Orchestra, members of Healthcare for the 99%, Occupy Faith, and many more.

Don't 'assume' anything; just keep 'OccupyingYourButthole' with your head! Debt-slavery, the trading of debt as well as the wealth extraction resulting from compound interest, is probably way beyond your head especially given where it is right now and I really don't expect that it touches your heart either.

PS: Not at all surprised that the b.s. comment was deleted after I called you out on it. Chicken!

Question/Consideration = for those who will have their debt or part of their debt abolished.

It was mentioned in a comment on this thread that the government will tax the debt abolished - as an income to the individual who's debt was cancelled.

Question ; The amount taxed by government is only the original debt amount isn't It? I mean they don't tax for accumulated interest do they? I mean if they do shouldn't they tax the original lender? And if interest was not collected then no tax should be applied?

Support or oppose issues. Like oppose the current legalization of usury - hell even the national debt is charging usurious interest. How do you pay off the national debt - when you can't even make the interest payments?